Which of the following are examples of cash flow from operating activities as per AS-7? 1. Cash receipts from the sale of goods and the rendering of services. 2. Cash receipts from disposal of intangible assets. 3. Cash receipts from royalties, fees, commissions and other revenue. 4. Cash payments to suppliers for goods and services. 5. Cash proceeds from issuing shares or other similar instruments. 6. Cash payments to and on behalf of employees. Select the correct answer:

Which of the following activities should be shown separately in the cash flow statement prepared as per accounting standard-3?
I. Cash flow from borrowing activities.
II. Cash flow from operating activities.
III. Cash flow from financing activities.
IV. Cash flow from investing activities.
V. Cash flow from miscellaneous activities.

A

I, II and III

B

I, III and V

C

II, III and IV

D

I, IV and V

Which of the following activities should be shown separately in the cash flow statement prepared as per Accounting Standard-3?
1. Cash flow from borrowing activities
2. Cash flow from operating activities
3. Cash flow from financing activities
4. Cash flow from investing activities
5. Cash flow from miscellaneous activitie

A

1, 2 and 3

B

1, 3 and 5

C

1, 3 and 4

D

1, 2 and 5

An author received Taka 0.80 in royalties for each of the first 100,000 copies of his book sold, and Taka 0.60 in royalties for each additional copy sold. If he received a total of Taka 260,000 in royalties, how many copies of his book were sold?

A

230,000

B

350,000

C

380,000

D

400,000

Direction : Two statements I and II are given. These statement may be either independent causes or may be effects of independent causes or a common cause. One of these statements may be the effect of the other statements. Read both the statements and decide which of the following answer choice correctly depicts the relationship between these two statements. Mark answer :

I. The private medical colleges have increased the tuition fees in the current year by 200 per cent over the last year's fees to meet the expenses.
II. The Government medical colleges have not increased their fees in spite of price escalation.

A

Statement I is the cause and statement II is its effect

B

Statement II is the cause and statement I is its effect

C

Both the statements I and II are independent causes

D

Both the statements I and II are effects of independent causes

E

Both the statements I and II are effects of some common cause

Direction : Two statements I and II are given. These statement may be either independent causes or may be effects of independent causes or a common cause. One of these statements may be the effect of the other statements. Read both the statements and decide which of the following answer choice correctly depicts the relationship between these two statements. Mark answer :

I. The government has recently fixed the fees for professional courses offered by the unaided institutions which are much lower than the fees charged last year.
II. The parents of the aspiring students launched a severe agitation last year protesting against the high fees charged by the unaided institutions.

A

Statement I is the cause and statement II is its effect

B

Statement II is the cause and statement I is its effect

C

Both the statements I and II are independent causes

D

Both the statements I and II are effects of independent causes

E

Both the statements I and II are effects of some common cause

Arrange the following categories of cash inflows and cash outflows in a correct order.
1. Cash flows from investing activities.
2. Cash flows from financing activities.
3. Cash flows from operating activities.

A

3, 1, 2

B

1, 3, 2

C

3, 2, 1

D

2, 1, 3

As per AS-2 valuation of inventories, inventories are assets
1. held for sale in the ordinary course of business.
2. held for sale in the special course of business.
3. in the process of production for such sale.
4. in the form of materials or supplies to be consumed in the production processor or in the rendering of services.
5. in the process of services for such sale.
Select the correct answer:

A

1, 2, 3 and 4

B

1, 4 and 5

C

1, 3 and 4

D

2, 4 and 5

Consider the following statements.
Assertion (A): The 'Balance of Payments' presents a classified record of all receipts on account of goods exported, services rendered and capital received by 'residents' and payments made by them on account of goods imported and services received from capital transferred to 'non-residents' or 'foreigners'.
Reason (R): The 'Balance of Payments' of a country is a systematic record of all economic transactions between the 'residents' of a country and the rest of the world.

A

Both (A) and (R) are correct and (R) is the right explanation of (A)

B

Both (A) and (R) are correct, but (R) is not the right explanation of (A)

C

(R) is correct, but (A) is not correct

D

Both (A) and (R) are incorrect

Indicate the correct option as regards the sources of funds for a funds flow statement from the following
1. Increase in working capital.
2. Decrease in working capital.
3. Writing-off the intangible/fictitious assets.
4. Issuing equity shares for acquisition of a building for office.
5. Charging depreciation on fixed assets.
Select the correct answer

A

1, 3 and 4

B

2, 3 and 5

C

1, 4 and 5

D

2, 3 and 4

Read both the statements and then mark your answer.Statement I: The government has recently fixed the fees for professional courses offered by the unaided institutions which are much lower than the fees charged last year.Statement II: The parents of the aspiring students launched a severe agitation last year protesting against the high fees charged by the unaided institutions.

A

Statement I is the cause and Statement II is its effect

B

Statement II is the cause and Statement I is its effect

C

Both the Statement I and II are independent cause

D

Both the Statement I and II are independent are effect of some common cause